Goldman: Analysts' Upgrades, Downgrades
NEW YORK (TheStreet) -- CHANGE IN RATINGS
Ameriprice Financial (AMP) - Get Ameriprise Financial, Inc. Report downgraded at Credit Suisse to Neutral from Outperform on limited upside. Price target lowered to $39 from $41.
Citigroup
(C) - Get Citigroup Inc. Report
initiated at Deutsche Bank with a Buy rating and $5.50 price target. Introduces 2009 EPS estimates of -$0.46.
Coach
(COH)
initiated at UBS with a Hold rating and $37 price target. Introduces fiscal 2010 EPS estimates of $1.96. Establishes a short term Buy rating.
Cypress Semiconductor
(CY) - Get Cypress Semiconductor Corporation Report
upgraded at Jefferies from Underperform to Hold. $10 price target. Company is winning new touch-screen contracts, but upside still remains limited from current levels.
F5 Networks
upgraded at Jefferies from Hold to Buy. IT spending should pick up in 2010. $50 price target.
Genzyme
(GENZ)
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initiated at Credit Suisse with a Neutral rating and $58 price target. 2009 and 2010 EPS estimates set at $1.99 and $3.43, respectively.
Goldman Sachs
(GS) - Get Goldman Sachs Group, Inc. Report
buy rating dropped to neutral by Meredith Whitney, founder of Meredith Whitney Advisory Group. She is well-known for predicting the banking downturn. Goldman Sachs was her only buy recommendation.
Juniper Networks
(JNPR) - Get Juniper Networks, Inc. Report
upgraded at Jefferies from Hold to Buy. $34 price target. Industry checks suggest better deal rates.
Lam Research
(LRCX) - Get Lam Research Corporation Report
upgraded at Barclays to Overweight from Equal Weight on expected strong earnings. Price target lifted to $50 from $32. 2010 EPS estimate raised to $0.66 from $0.14 and 2011 introduced at $2.29.
Metlife
(MET) - Get MetLife, Inc. Report
downgraded at Credit Suisse to Neutral from Outperform. Variable annuities earnings no longer deserve a premium multiple as a growth engine.
ON Semiconductor
(ONNN)
initiated at Deutsche Bank. Initiated with a Buy rating and $10 price target. Introduces 2009 EPS estimates of $0.27.
Polo Ralph Lauren
(RL) - Get Ralph Lauren Corporation Class A Report
initiated at UBS. Initiated with a Buy rating and $86 price target. Introduces fiscal 2010 EPS estimates of $3.83.
StanCorp Financial
(SFG)
upgraded at Credit Suisse from Neutral and price target lifted to $49 from $38.
Supervalu
(SVU)
downgraded at Pali from Neutral to Sell. $12 price target. Estimates also cut, as there continues to be little pricing power.
VF Corp
(VFC) - Get V.F. Corporation Report
initiated at UBS with a Buy rating and $83 price target. Introduces 2009 EPS estimates of $4.97.
STOCK COMMENTS / EPS CHANGES
Apple
(AAPL) - Get Apple Inc. Report
price target raised at Credit Suisse to $235 from $200. 2009 and 2010 EPS estimates increased to $5.88 from $5.84 and to $7.46 from $7.26, respectively. Reiterate Outperform rating.
Advanced Energy
(AEIS) - Get Advanced Energy Industries, Inc. Report
price target raised at Barclays to $17 from $8. 2009 and 2010 EPS estimates maintained at -$1.18 and $0.00, respectively. Reiterate Equal Weight rating.
Affiliated Managers Group
(AMG) - Get Affiliated Managers Group, Inc. Report
price target raised at Credit Suisse to $85 from $75 after positive meeting with AMG's CEO. Maintain Outperform rating.
Amazon.com
(AMZN) - Get Amazon.com, Inc. Report
target boosted at Goldman to $106. Internet trends likely improved during the second quarter. Buy rating.
Boeing
(BA) - Get Boeing Company Report
price target raised at Credit Suisse to $50 from $48. Neutral rating.
Chico's FAS
(CHS) - Get Chico's FAS, Inc. Report
estimates raised at FBR through 2010. Store checks show that sales continue to improve. Outperform rating and $15 price target.
Digital River
(DRIV) - Get Global X Autonomous & Electric Vehicles ETF Report
numbers lowered at FBR. Shares now seen reaching $27. Estimates also reduced, to reflect the loss of the SYMC contract. Market Perform rating.
eBay
estimates, target boosted at Goldman. Shares now seen reaching $25. Estimates also increased, to reflect better marketplace trends. Neutral rating.
EMC
(EMC)
price target higher at Credit Suisse to $22 from $19. Maintain Outperform rating. 2009 and 2010 EPS estimates lifted to $0.56 and $0.88, respectively.
Expedia
(EXPE) - Get Expedia Group, Inc. Report
numbers increased at Goldman. Shares now seen reaching $26. Estimates also raised, to reflect improving industry trends. Neutral rating.
(GOOG) - Get Alphabet Inc. Class C Report
estimates, target boosted at FBR. Estimates were increased through 2010. Expect search volume growth to drive near-term earnings upside. Outperform rating and new $660 price target.
Goodrich
(GR)
price target higher at Credit Suisse to $65 from $59. Maintain Outperform rating.
KLA-Tencor
(KLAC) - Get KLA Corporation Report
price target, estimate higher at Barclays. Price target raised to $45 from $36. Reiterate 2010 EPS estimate at $0.43, 2011 raised to $1.90 from $1.67. Maintain Overweight rating.
Liberty Interactive
(LINTA)
estimates raised at Morgan Stanley through 2011. QVC is rebounding sooner than expected. Equal-weight rating.
Liz Claiborne
(LIZ)
price target, estimates boosted at Barclays. LIZ price target lifted to $10 from $5 after reviewing distribution strategy. 2009 and 2010 EPS estimates increased to -$1.20 from -$1.45 and to $0.20 from -$0.45, respectively. Maintain Equal Weight rating.
Lockheed Martin
(LMT) - Get Lockheed Martin Corporation Report
price target cut at Credit Suisse to $81 from $90. Maintain Neutral rating.
Novellus Systems
(NVLS)
price target higher at Barclays to $25 from $22. Maintain Equal Weigh rating. 2009 and 2010 EPS estimates set at -$0.77 and $0.75, respectively.
Onyx Pharma
(ONXX)
numbers cut at Goldman. Estimates were reduced through 2011. Recent acquisition could boost the pipeline, but will be dilutive to earnings. Neutral rating and new $33 price target.
Priceline.com
(PCLN)
target raised at Goldman to $210. Internet trends likely bottomed in the second quarter. Buy rating.
Precision Castparts
(PCP)
price target higher at Credit Suisse to $93 from $75. Neutral rating. 2010 and 2011 EPS set at $7.14 and $7.53, respectively.
Philip Morris
(PM) - Get Philip Morris International Inc. Report
estimates raised at Credit Suisse. PM 2009 and 2010 EPS estimates increased to $3.31 from $3.28 and to $3.75 from $3.60. Maintain Neutral rating and $48 price target.
Sprint AeroSystems
(SPR) - Get Spirit AeroSystems Holdings, Inc. Class A Report
price target boosted at Credit Suisse to $23 from $13. Maintain Neutral rating. 2009 and 2010 EPS estimates increased to $1.52 and $1.83, respectively.
Tupperware
(TUP) - Get Tupperware Brands Corporation Report
estimates, target raised at Morgan Stanley. Shares now seen reaching $53. Estimates also boosted, based on organic growth potential and currency gains. Overweight rating.
This article was written by a staff member of TheStreet.com.
